The specialist lending and retail savings group said that this was driven by a 17% growth in gross organic origination, which rose to £1.44bn, compared to £1.23bn in H1 2017.

OneSavings Bank also reported a rise in its pre-tax profits to £91.8m, a 17% increase on the £78.4m it posted in H1 last year.

Andy Golding, group CEO at OneSavings Bank (pictured above), said the growth in organic originations was helped by high demand for its professional buy-to-let and commercial and semi-commercial products.

"I am delighted that OneSavings Bank has continued to deliver excellent shareholder returns in the first half of 2018.

“While regulatory and tax changes in the buy-to-let market have dampened industry wide demand for new purchase mortgages, this has been partially offset by an increase in demand for remortgages.

“Demand for five-year fixed rate products has risen noticeably across the market with competition continuing to increase, however we continue to see good opportunities for growth and our InterBay Commercial business continues to flourish.

“Given the growth already achieved this year and considering the current pipeline and application levels for the third quarter to date, we now expect to deliver net loan book growth of high teens in 2018, while maintaining an appropriate margin for the risks we are underwriting.”